Senator Chris Van Hollen, a progressive from Maryland, is challenging Chuck Schumer to become Senate majority leader in the new Congress, after rising demands in the party for a bolder, more populist agenda in the wake of historic Democratic victories.
Fallout from Jensen Huang’s ouster as Nvidia Corp. chief executive officer is reaching deep into Washington, where Commerce Secretary Howard Lutnick has drawn scrutiny over whether his department did enough to keep the company’s prized artificial intelligence chips out of China’s hands.
"Balance of Power" focuses on the intersection of politics and global business. On today's show, Rep. Gregory Meeks (D-NY) says he wants to know when former CEO Jensen Huang was informed by the US government that the woman he was having an affair with was allegedly involved in Chinese espionage and why Nvidia was not notified sooner. Michael Allen, Managing Director of Beacon Global Strategies and former special assistant to President George W. Bush in the National Security sector, thinks Congress needs to direct its questions to the Commerce Department and, by extension, the National Security Council process staff about what happened with export-control regulations and what may have held them up. (Source: Bloomberg)
Michael Allen, Managing Director of Beacon Global Strategies and former special assistant to President George W. Bush in the National Security sector, thinks Congress needs to direct its questions to the Commerce Department and, by extension, the National Security Council process staff about what happened with export-control regulations and what may have held them up. Allen says stronger export controls and beefing up the Department of Commerce are important, including greater enforcement, oversight and investigations. Allen says Trump should make clear to President Xi Jinping that China’s activity involving smuggling and restricted technology could lead Congress to take further action. He speaks with Joe Mathieu and Kailey Leinz on Bloomberg’s "Balance of Power." (Source: Bloomberg)
Bloomberg’s Mario Parker joined the show for, The Debrief, to discuss Commerce Secretary Howard Lutnick facing scrutiny over what he knew about Nvidia and China, tensions inside the White House and questions about his standing in the administration. He speaks with Kailey Leinz on Bloomberg’s "Balance of Power." (Source: Bloomberg)
Rep. Gregory Meeks (D-NY) says he wants to know when former CEO Jensen Huang was informed by the US government that the woman he was having an affair with was allegedly involved in Chinese espionage and why Nvidia was not notified sooner. Rep. Meeks says the issue is not just the affair, but what information might have been given to China and others that could endanger US national security. Rep. Meeks says Congress needs to determine what the administration knew and why Nvidia may not have been notified, as well as examine questions involving Commerce Secretary Howard Lutnick. He speaks with Joe Mathieu and Kailey Leinz on Bloomberg’s "Balance of Power." (Source: Bloomberg)
A Chinese artificial intelligence model was used in recent hacks that disabled refrigerators in French supermarkets, US Treasury Secretary Scott Bessent said on Thursday.
Ukrainian President Volodymyr Zelenskyy said progress had been made during a meeting with US envoys in Ireland, hailing a prisoner swap deal and a decision to include Europeans in the next round of peace talks with Russia.
The ultimate target of President Prabowo Subianto’s shakeup at the top of Indonesian politics may be the man who helped propel him to power after leading the country for a decade: ex-President Joko Widodo.
Malaysia’s Prime Minister Anwar Ibrahim faces his third electoral test this year when the state of Malacca goes to the polls on Saturday, after a frantic week in which a key minister quit over the controversial transfer of jailed former premier Najib Razak to house arrest.
President Donald Trump nominated a bipartisan slate of commissioners for the Securities and Exchange Commission and the Commodity Futures Trading Commission, according to a statement Thursday.
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Nvidia CEO Jensen Huang was ousted from his post after reports of two affairs, including one with a woman suspected of spying for China. Huang, one of the three engineers who founded the chipmaker in 1993, had been under intense pressure since Sunday, when he admitted to a romantic relationship with Alice Huang, a former executive at the Singapore-based data center firm Megaspeed International. The Nvidia turmoil rippled through the entire artificial intelligence sector on Thursday, dragging down shares of semiconductor companies.
On today’s episode:
Emily Chang, Host & Executive Producer of Bloomberg’s ‘The Circuit’
Ed Ludlow, Bloomberg Tech Co-Host
Lauren Cassidy, Founder & Chief Investment Officer, Founders 100 ETF
Nina Trentmann, Bloomberg News Senior Editor & CFO Briefing Editor (Source: Bloomberg)
T1 Energy Inc. said it’s being probed by the US Securities and Exchange Commission over the solar company’s disclosures related to its eligibility for clean energy manufacturing tax credits and other accounting matters.
Jensen Huang, the preeminent face of the AI infrastructure boom, was ousted from his post after reports of two affairs, including one with a woman suspected of spying for China. Bloomberg’s team of AI, Tech, and Geoeconomics experts break down the market moving announcement. Host of ‘The Curcuit’, Emily Chang, recounts her conversation with Huang from just one month ago where he spoke about the “high standard” of responsibility for a CEO. Bloomberg Tech Host Ed Ludlow explains how Huang’s ousting will impact the company and the potential forthcoming investigations. Plus, Bloomberg Economics Geoeconomics Technology Analyst Michael Deng breaks down how this might impact both sides of the US-China AI race. (Source: Bloomberg)
OpenAI is backing a bipartisan effort in Congress to block China’s access to artificial intelligence chips and curb China’s access to chipmaking equipment, adding support to legislation gaining momentum after the scandal that toppled Jensen Huang as Nvidia Corp.’s chief executive officer.
Defense Secretary Pete Hegseth has commended the soldier who loudly called for the Pentagon chief and his party to maintain decorum near the Tomb of the Unknown Soldier at Arlington National Cemetery.
President Donald Trump indicated he is not optimistic about the prospects of getting Chinese President Xi Jinping to agree to release imprisoned Hong Kong businessman and activist Jimmy Lai.
